Home » Crypto » What is Calamari Network (KMA) coin and how does it work?

What is Calamari Network (KMA) coin and how does it work?

by Financial Economy

Calamari Network is a custom layer built for the entire Kusama ecosystem, built on the Substrate framework. Calamari Network is inherently compatible with other projects and parachain assets, including wrapped large crypto assets. Information about some topics that what is Calamari Network (KMA) coin, how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about NXT coin.

What is Calamari Network (KMA) coin and how does it work?

Manta Network’s canary network Calamari is a plug-and-play privacy protection parachain built to serve users. Calamari combines Kusama and zkSNARKs to bring on-chain privacy to transactions and exchanges. As part of its product line, Calamari Network offers:

  • MariPay, token-agnostic private payment service. MariPay supports private transfer of Kusama and Parachain assets, including major crypto assets supported in Kusama. Users can simultaneously reap the benefits of on-chain privacy through ZKP while transacting with stablecoins and popular assets such as wrapped BTC.
  • MariSwap, its custom AMM based DEX. MariSwap offers users the ability to swap between parachain assets while maintaining the privacy of user addresses. It also offers features never seen before in the industry such as private liquidity pools.

KMA token features!

KMA Coin is the first community-driven deflationary utility token that generates discount rewards, redemption rewards, and token burns from the use of the Calamari privacy-protecting network. The Initial Distribution of KMA is up to 10 billion coins. There will be no new token generation unless KMAs are consumed for crowd credit. KMA is a utility token that rewards its holders with a discount on MariPay and MariSwap usage fees and a redemption mechanism. KMA has a burn function for cashback. In addition, KMA has governance and other extended functions.

Which exchange is KMA coin on?

Calamari Network coinis listed on some cryptocurrency exchanges such as MEXC, KuCoin, Huobi Global, Gate.io, etc.

How to buy KMA coins?

Calamari Network can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

KMA token supply!

Total supply of Calamari token is KMA.

KMA token price!

As of October 31, 2022, at the time of the writing, 1 Calamari coin price is around $0,0024 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment